Core Insights - The market opened strong today, with a closing price of 3216, indicating a clear bullish trend and significant profit-making opportunities for investors [1][11] - The analysis suggests that May may present a strong performance, but the path is expected to be challenging [3] - The market is currently in a non-bullish, non-bearish state, with a potential for improvement as it has avoided falling into a bear market [4][13] Market Performance - The major indices showed a strong performance with a gain ratio of 4962:379, indicating a broad-based rally [1] - The index reached a high of 3316, surpassing the previous high of 3313, which is seen as a strong bullish signal [1][11] - The trading volume increased, suggesting heightened market activity and investor interest [1][9] Technical Analysis - Key resistance levels are identified at 3317 and 3342, with the expectation that these gaps will eventually be filled [4][12] - The market is currently positioned between key levels, with the upper range indicating strength and the lower range indicating weakness [5][6] - The short-term technical indicators suggest a bullish advantage, but caution is advised as the market navigates through critical resistance points [12] Small Cap Performance - Small-cap stocks are showing significant activity, with only a few capable of reaching new highs, indicating a potential divergence in performance among stocks [2] - The term "回光返照" (returning light) suggests that while some small caps may shine, the majority may struggle to maintain upward momentum [2]